Are Online Gambling and Online Trading Different?
Which is the Bad Guy?
When the US's Unlawful Internet Gambling Act takes over the news on funds and the world wide web, a great number of people are asking themselves what the real difference between online gaming and online commerce is.
Imagine two people sitting in their workplaces both of them risk their money on Internet, while one of them is violating the legislative norms, the other one is not. One of them is a day trader, and with no respect to how you take that fact, this man is risking his funds for the chance to to raise his income. It seems to me that both these men use the Internet for one cause. But, the person gambling online is now participating in a criminal industry. Why unlawful? Since Government of the US doesn't get a single cent of profit from the online gambler. It only levies tax money from the day trader.
Every day residents of the USA lose billions of dollars from trading securities, that are not based in Wall Street offices, but from their living rooms. This type of average people are not professional stock brokers, and they do not have any legal permission - anyway they face no legal obstructions to conduct this kind of business.
Indeed, the one single factual difference between day trading and online gambling is the the scale of investments the US Government makes out of the businesses: Day Trading online = immense income; Gambling on Internet = no money and lots of online casino bonuses for gamblers. Today they say that the US Congress is working on the anti-gambling online forbidding law for the same reason that the country is not profiting from millions of dollars spent daily.